Intech Investment Management LLC Reduces Stock Position in LyondellBasell Industries N.V. $LYB

Intech Investment Management LLC trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,237 shares of the specialty chemicals company’s stock after selling 3,791 shares during the period. Intech Investment Management LLC’s holdings in LyondellBasell Industries were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Planning raised its holdings in LyondellBasell Industries by 75.0% in the second quarter. Creative Planning now owns 64,094 shares of the specialty chemicals company’s stock valued at $3,708,000 after acquiring an additional 27,475 shares in the last quarter. Opinicus Capital Inc. increased its position in shares of LyondellBasell Industries by 19.6% in the 2nd quarter. Opinicus Capital Inc. now owns 5,561 shares of the specialty chemicals company’s stock worth $322,000 after purchasing an additional 911 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of LyondellBasell Industries by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,060 shares of the specialty chemicals company’s stock valued at $3,649,000 after purchasing an additional 3,784 shares in the last quarter. Ignite Planners LLC raised its stake in shares of LyondellBasell Industries by 22.6% in the 2nd quarter. Ignite Planners LLC now owns 15,935 shares of the specialty chemicals company’s stock valued at $1,007,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Intrua Financial LLC lifted its position in shares of LyondellBasell Industries by 16.9% during the second quarter. Intrua Financial LLC now owns 6,944 shares of the specialty chemicals company’s stock worth $402,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.4%

LyondellBasell Industries stock opened at $45.43 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $85.25. The company has a 50-day simple moving average of $46.95 and a 200-day simple moving average of $53.99. The firm has a market capitalization of $14.62 billion, a P/E ratio of 59.00 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the firm posted $1.88 EPS. LyondellBasell Industries’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be given a dividend of $1.37 per share. The ex-dividend date is Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.1%. LyondellBasell Industries’s payout ratio is currently -146.13%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Citigroup lowered their price objective on LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Zacks Research downgraded LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 5th. Rothschild & Co Redburn decreased their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Finally, The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.19.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.